Question 38 Plywood Corporation's consolidated cash flow statement for the year ended December 31, 20X8, reported operating cash inflows of $160,000, financing cash outflows of $90,000, and investing cash outflows $55,000, and an ending cash balance of $75,000. Plywood acquired 75 percent of Sawdust Company's common stock on July 1, 20X6, at book value. At that date, the fair value of the noncontrolling interest was equal to 25 percent of Sawdust Company's book value. Sawdust reported net income of $20,000, paid dividends of $8,000 in 20X8, and is included in Plywood's consolidated statements. Plywood paid dividends of $25,000 in 20X8. The indirect method is used in computing cash flow from operations. Based on the information provided, what amount was reported as dividends paid in the cash flow from financing activities section of the consolidated statement of cash flows? $25,000 $33,000 $27,000 $8,000
Question 38
Plywood Corporation's consolidated cash flow statement for the year ended December 31, 20X8, reported operating
Based on the information provided, what amount was reported as dividends paid in the cash flow from financing activities section of the consolidated statement of
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$25,000 |
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$33,000 |
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$27,000 |
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$8,000 |
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